INFORMATICA TO ACQUIRE STRIVA CORPORATION TO REVOLUTIONIZE DATA INTEGRATION FOR THE MAINFRAME

Mainframe integration goes mainstream with patented change data capture technology

REDWOOD CITY, Calif., September 12, 2003 - Informatica Corporation (NASDAQ: INFA), a leading provider of data integration and business intelligence software, today announced the execution of a definitive agreement to acquire privately-held Striva Corporation, an award-winning provider of mainframe integration solutions that Informatica has OEM'd for over two years and branded as part of its PowerConnect family of products. Striva's patented technology, which includes mainframe solutions for high-speed bulk data movement and real-time change capture, will extend Informatica's leadership in comprehensive enterprise data integration and business intelligence.

Informatica is acquiring all of the capital stock of Striva in a cash and stock transaction valued at approximately $62 million, and the acquisition will be accounted for under the purchase method of accounting. The acquisition has been approved by the board of directors of each company and is subject to regulatory approval and customary closing conditions. Informatica expects the acquisition to be accretive to earnings before amortization of intangibles and stock-based compensation beginning in the second half of 2004.

“Companies have vast amounts of enterprise data on mainframes that they cannot easily access for mission-critical business decisions. With system consolidation and security concerns foremost in the minds of CIOs, the role of the mainframe continues to expand,” said Gaurav Dhillon, president and CEO of Informatica. “The combination of Informatica's adaptive data integration platform and flexible business intelligence software with Striva's award-winning mainframe integration technology will benefit both companies' customers and future prospects by delivering easy-to-use, scalable mainframe data access when and where the business demands. Informatica and Striva's pre-integrated products, along with our joint customer base, partner ecosystem and focus on key verticals, will ensure that Informatica can even more effectively meet the data delivery demands of the largest enterprise customers and government agencies.”

Mainframe opportunity large and resilient

According to market reports, 90 percent of Fortune 1000 companies still use mainframes with their mission critical applications, and over 70 percent of corporate data is stored on mainframes. This acquisition will position Informatica to extend the reach of its enterprise data integration and business intelligence software in order to meet the growing demand for mainframe integration across transactional, operational and analytical systems. With large government agencies and enterprises reinvesting in mainframe platforms for strategic initiatives such as homeland security, disaster recovery, fraud detection and security, mainframe usage and data volumes are growing faster than ever. META Group estimated that MIPS (millions of instructions per second) shipments would grow by 33 percent annually over the last several years, demonstrating the growing amount of computing that relies on mainframes. In addition, Giga Information Group recently found that mainframe and legacy systems comprise 20 percent of the data integration and data warehousing market.

“Indicators from Gartner research, surveys, and client feedback point to continued investment in and resiliency of the mainframe platform. Many large enterprises and government agencies remain committed to the mainframe and will continue to seek ways to leverage the valuable data assets housed there for purposes of business intelligence,” said Ted Friedman, principal analyst, business intelligence infrastructure team at Gartner. “As a result, interest in mainframe connectivity, data quality and data profiling continues to grow.”

Patented Striva technology uniquely delivers adaptive mainframe data propagation

By providing enterprises with Striva's patented technology for change data capture (CDC) and real-time and bulk movement, Informatica will deliver mainframe data propagation through intelligent, non-intrusive agents that do not require scarce and expensive IT resources. This mainframe data propagation gives customers the flexibility to choose between batch, on-demand or live real-time replication for data delivery. This enables customers to move large volumes of data in bulk as part of a data migration project, propagate data changed since the last pull to synchronize different systems during tight batch windows, or replicate changed data in real-time to continuously synchronize multiple disparate operational systems. Striva's technology provides enterprises with the benefits of an adaptive, real-time data integration architecture while helping them to leverage legacy IT assets.

Addition of mainframe integration reinforces product strategy

The acquisition of Striva's mainframe connectivity technology will strengthen Informatica's leadership in adaptive data integration. By bolstering its data integration platform to meet the mainframe needs of enterprise customers, Informatica is sustaining its vision of providing customers with a single infrastructure that can handle and visualize any type of data, in any quantity, to and from any platform, in any timeframe - all without coding. Informatica will simultaneously extend the reach of change data capture beyond the mainframe while also bringing its PowerCenter and PowerAnalyzer products to the mainframe, offering customers increased technology deployment flexibility. Informatica will continue to deliver innovations in grid computing, and service-oriented and model-driven architectures, along with enhancements to its award-winning business intelligence software, PowerAnalyzer, in the coming months.

Rapid integration expected

This proposed acquisition evolved from two years of partnership success. Striva's products are installed worldwide at leading Global 2000 enterprises and government organizations, including installations at over 130 Informatica customers. Informatica will also gain from Striva's focus on key vertical industries, such as government, financial services, healthcare and manufacturing. In addition, the proposed acquisition will reinforce alliances with joint partners such as Accenture, BearingPoint, EDS, HP, IBM, Sun and others.

Informatica will be discussing the Striva acquisition on a conference call today beginning at 6:00 a.m. PDT. A live Webcast and replay of the conference call will be available at http://www.informatica.com/investor A replay of the call will also be available by dialing 888-286-8010, passcode 24997707. The telephone replay will be available until 4:00 p.m. on September 19, 2003.

About Striva

Striva Corporation is a market leader in software solutions that deliver enterprise data integration. Striva's DETAILTM data integration platform provides transparent access to relational and non-relational data spread across many different types of platforms, operating systems and databases. With its headquarters in Scotts Valley, California, Striva is an international company with development and support facilities in the United States and Europe. Close to 200 major organizations in financial services, telecom, energy, government, education, transportation, insurance and manufacturing use Striva's technology to achieve their data integration goals. For more information, visit http://www.striva.com/.

About Informatica

Informatica Corporation (NASDAQ: INFA) is a leading provider of data integration and business intelligence software. Using Informatica products, Global 2000 companies can leverage their existing information assets for enterprise insight that helps them improve business performance, increase customer profitability, streamline supply chain operations and proactively manage regulatory compliance. More than 1,800 companies worldwide rely on Informatica to meet their end-to-end needs for enterprise data integration and business intelligence. For more information, call 1.650.385.5000 (1.800.970.1179 in the U.S.), or visit the Informatica Web site at http://www.informatica.com/.

This press release contains forward-looking statements about expectations, beliefs, plans, intentions and strategies of Informatica relating to its proposed acquisitions of Striva. Such forward-looking statements include statements regarding the transaction's effect on Informatica's 2004 fiscal earnings, future product offerings, potential benefits of current and future product offerings, and beliefs about Informatica's position in the enterprise data integration and business intelligence software markets. These statements reflect Informatica's current beliefs and are based on current information available to Informatica. The ability of Informatica to achieve these business objectives involves many risks and uncertainties that could cause actual outcomes and results to differ materially. In particular, while the companies have executed a definitive agreement, there is no assurance that they will complete the transaction. If the companies do not receive the necessary government approvals or fail to satisfy conditions for closing, the transaction will terminate. Other risks and uncertainties include the failure to achieve expected synergies and efficiencies of the operations; employee retention and maintenance of the business of Striva before the closing of the transaction; the ability of Informatica to retain and motivate key employees of Striva; the ability to coordinate strategy and resources between Informatica and Striva; loss of any Striva customers; the ability to manage the integration of products and operations between Informatica and Striva; timely development and acceptance of products and services and their feature sets; and other risks that are described from time to time in Informatica reports filed with the Securities and Exchange Commission.

Note: Informatica, PowerCenter, PowerConnect and PowerAnalyzer are trademarks or registered trademarks of Informatica Corporation in the United States and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.